Insolvency Practice Rules may provide for reporting to Inspector‑General
70-60 Insolvency Practice Rules may provide for reporting to Inspector‑General
The Insolvency Practice Rules may provide for and in relation to the obligations of trustees of regulated debtor’s estates:
to give information; and
to provide reports; and
to produce documents;
to the Inspector‑General.
Without limiting subsection (1), the Insolvency Practice Rules may provide for and in relation to:
the manner and form in which information is to be given, a report provided or a document produced; and
the timeframes in which information is to be given, a report provided or a document produced; and
who is to bear the cost of giving information, providing a report or producing a document.
The Insolvency Practice Rules may make different provision in relation to different kinds of estate administration.
A failure to give information, provide a report or produce a document to the Inspector‑General in accordance with the Insolvency Practice Rules may lead to disciplinary action under Subdivision B of Division 40 of Part 2 of this Schedule.
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